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GBP/USD slips as Fed pushes back on September cut, US data support Dollar
The GBP/USD posted moderate losses during the North American session on Thursday after the Federal Reserve (Fed) held rates on Wednesday and failed to provide forward guidance for the September meeting. This, along with solid US jobs data and an uptick in inflation, boosted the Dollar.
Euro pressured near multi-week low as strong US inflation data boosts Greenback
The Euro (EUR) trades under pressure for the sixth consecutive day against the US Dollar (USD) on Thursday, with EUR/USD struggling to recover as the Greenback holds firm near two-month highs.
Canadian Dollar under pressure amid weak GDP, Trump tariff threat, and strong US data
The Canadian Dollar (CAD) remains on the back foot for a sixth straight day against the US Dollar (USD) on Thursday, sinking to its weakest level since late May.
USD/JPY approaches 150.00 after BoJ downplays October rate hike - Rabobank
For a brief period this morning, market commentators mused that the BoJ could announce the next rate hike of the cycle as soon as October. That conclusion was drawn from what appeared to be a slightly more hawkish then expected outcome to today's BoJ policy meeting.
US: Initial Jobless Claims rose a tad to 218K last week
According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance increased to 218K for the week ending July 26.
Germany annual CPI inflation holds steady at 2% in July vs. 1.9% expected
Inflation in Germany, as measured by the change in the Consumer Price Index (CPI), held steady at 2% in July, Destatis' flash estimate showed on Thursday. This reading came in above the market expectation of 1.9%.
CAD tumbles to fresh low on trade concerns ahead of August 1 - Scotiabank
The Canadian Dollar (CAD) is soft, trading at fresh lows and plumbing levels last seen in late May as market participants respond to risks related to trade and consider their implications for the BoC, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report, Scotiabank's Chief FX Stra
NZD/USD approaches 0.5885 lows on strong US Dollar, downbeat data from China
The New Zealand Dollar recovery attempt against its US counterpart was capped at the 0.5940 area earlier today, and the pair has given away gains during Thursday's European session, retreating to levels right above multi-month lows, at 0.5885.
CAD tumbles on trade concerns as markets digest Fed/BoC risk - Scotiabank
G10 currencies are mixed as we head into Thursday's NA session, with no clear unifying theme as markets respond to a heavy overnight schedule of data and central bank risk events, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
EUR outperforming with modest gain as spreads remain supportive - Scotiabank
The Euro (EUR) is up a modest 0.3% against the US Dollar (USD) and outperforming most of the G10 currencies as we head into Thursday's NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
USD/CHF approaches four-week highs at 0.8150 ahead of the US PCE Inflation report
The US Dollar maintains its bid tone intact against the Swiss Franc, holding gains after a nearly 3% rally over the last few days.
USD/JPY: The focus now is at 150.00 - UOB Group
US Dollar (USD) view remains positive; the focus now is at 150.00, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUD/USD strives to hold 0.6430, investors shift focus to US NFP
The AUD/USD pair attempts to hold the immediate support level of 0.6430 during the European trading session on Thursday. The Aussie pair attracts slight bids on upbeat Australian Retail Sales data for June, released earlier in the day.
NZD/USD: Chance for NZD to test 0.5885 before stabilization - UOB Group
There is a chance for NZD to test 0.5885 before stabilization can be expected; the next major support at 0.5845 is unlikely to come into view. In the longer run, NZD is expected to decline further to 0.5885, potentially reaching 0.5845, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/JPY rallies further, nears 150.00 on the aftermath of BoJ's decision
The US Dollar keeps marching higher against a vulnerable Japanese Yen on Thursday as the Bank of Japan's Governour, Kazuo Ueda, cooled hopes of immediate rate hikes, following the bank's monetary policy decision.The BoJ maintained its key interest rate at 0.5%, as widely expected, and Ueda reiterate
AUD/USD can potentially break below 0.6405 - UOB Group
Strong momentum is likely to lead to further weakness; oversold conditions suggest Australian Dollar (AUD) may not reach 0.6405.
Japanese Yen weakens as BoJ's Ueda signals patience in policy normalization - TDS
The Japanese Yen (JPY) weakened after BoJ Governor Ueda struck a dovish tone, signaling patience in policy normalization and suggesting officials are comfortable with the currency's current softness, even as global markets brace for a potential USD/JPY retest of March highs, TDS' Macro Strategist Al
GBP/USD: Any decline is likely part of a lower range of 1.3210/1.3310 - UOB Group
There is room for Pound Sterling (GBP) to weaken further; any decline is likely part of a lower range of 1.3210/1.3310.
BoJ: JPY reacts positively to the interest rate decision - Commerzbank
The Bank of Japan also left interest rates unchanged at its monetary policy meeting, which ended early this morning, Commerzbank's FX analyst Volkmar Baur notes.
EUR/USD can test the 1.1380 level - UOB Group
Euro (EUR) could test the 1.1380 level; a sustained drop below this level seems unlikely. In the longer run, EUR view remains negative; the next level to watch is 1.1350, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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